BILL ANALYSIS �
AB 1583
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CONCURRENCE IN SENATE AMENDMENTS
AB 1583 (Allen)
As Amended June 26, 2014
Majority vote
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|ASSEMBLY: |75-2 |(May 29, 2014) |SENATE: |35-0 |(July 3, 2014) |
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Original Committee Reference: A. & A.R.
SUMMARY : Requires the State Controller's Office (SCO) to
include specified information in the budgetary-legal basis
annual report on all funds maintained in accounts outside the
State Treasury System. Specifically, the report must include:
1)The name of the account;
2)The source of authorization for establishing the account; and,
3)The account balance.
Additionally, this bill provides that if a state agency receives
revenues for state costs under a cost recovery statute, the
agency must account for those revenues to the SCO for deposit
into the State Treasury.
The Senate amendments remove the requirement for an additional
report to be generated by the SCO and specify the information be
included in the existing budgetary-legal basis annual report.
EXISTING LAW requires the SCO to submit certain fiscal reports
that contain information on the state's revenues and
expenditures during the preceding fiscal year to the Governor
and Legislature.
FISCAL EFFECT : According to Senate Appropriations Committee,
pursuant to Senate Rule 28.8, negligible state costs.
Analysis Prepared by : William Herms / A. & A.R. / (916)
319-3600
FN: 0004289
AB 1583
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